There is little doubt that corporate governance has become one of the key issues for students of business management in the 1990s. This text is the first to draw together the various strands of the debate from economics, finance, and accounting perspectives, and from an international angle that...

This book presents up-to-date evidence on the issues facing financiers and intermediaries involved in venture capital and management buy-outs. It provides a comprehensive review of existing literature and an analysis of international trends in market development as well as a global comparison of...

It has widely been suggested that during the 1980s many diversified firms narrowed the scope of their activities by refocusing on core businesses, primarily through divestment activity. This study examines the impact of divestment on firm performance, using an unbalanced panel of 132 UK quoted...

This paper examines the role of buy-outs, divestment and other restructuring transactions as devices which may counter acknowledged weaknesses in the market for corporate control relating to managerial entrenchment strategies, acquisitions motivated by managerial interests, inadequate...

The motivation behind this special issue of Managerial and Decision Economics was two-fold: First, the special issue offered the opportunity to re-consider the huge contribution of Edith Penrose to the fields of strategy and economics. Second, it allowed us to present new research from both...